Financial statements in which financial data for two or more companies are combined as a single entity are called

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Consolidated statements involve the combination of financial data from two or more companies into a single entity. The purpose of these statements is to provide a comprehensive overview of the financial position, performance, cash flows, and other important metrics of a group of companies as if they were a single entity. Consolidated statements are typically used by large corporations with subsidiaries or by companies that have undergone mergers or acquisitions.

Financial Statements in Which Financial Data for Two or More